Neptune Logitek IPO is scheduled to open on December 15, 2025, and will close on December 17, 2025. This is a Fixed Price Issue where the company aims to raise around ₹46.62 crores. The issue consists entirely of a fresh issue of ₹46.62 crores. The IPO is priced at ₹126 per equity share.
The basis of allotment will be declared on December 18, 2025, and the listing is planned on the BSE SME platform on December 22, 2025. For FY2025, Neptune Logitek reported revenue of ₹260.74 crores and profit of ₹9.16 crores, showing sharp financial growth compared to the previous year. Based on its performance, long-term investors may consider this IPO.
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Neptune Logitek IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | December 15, 2025 |
| IPO Close Date | December 17, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹126 per share |
| Issue Size | Approx ₹46.62 crores |
| Fresh Issue | Approx ₹46.62 crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
Neptune Logitek IPO
Open: 15-17 Dec
Issue Size: ₹46.62 Cr.
Objective: Raise capital to buy trucks/equipment, repay loans and fund corporate needs.
Exchange: BSE SME
Neptune Logitek IPO GMP Today
The Neptune Logitek SME IPO continues to show a stable Grey Market Premium (GMP) of ₹0, as per the latest update on 8 December 2025.
With a fixed price band of ₹126 per share, the estimated listing price also stands at ₹126, indicating no expected gain or loss based on current grey market cues. For investors tracking the SME segment, this steady, flat trend suggests muted speculative activity in the unlisted market.
Over the last five trading sessions, GMP has remained unchanged, showing no upward or downward movement. This stability generally reflects a cautious sentiment where grey market traders are waiting for stronger subscription figures or market signals before taking positions.
As of now, the IPO appears to be moving with a neutral outlook, and similar sentiment may continue unless a major update surfaces closer to the listing date.
Below is the day-wise GMP trend, summarising the market activity:
Neptune Logitek SME IPO – GMP Trend (Last 5 Days):
| Date | IPO Price | GMP | Sub2 Sauda | Estimated Listing Price | Est. Profit | Last Updated |
|---|---|---|---|---|---|---|
| 08-12-2025 | ₹126.00 | ₹0 (No Change) | — | ₹126 (0.00%) | ₹0 | 08-Dec-2025 16:53 |
| 07-12-2025 | ₹126.00 | ₹0 (No Change) | — | ₹126 (0.00%) | ₹0 | 07-Dec-2025 23:35 |
| 06-12-2025 | ₹126.00 | ₹0 (No Change) | — | ₹126 (0.00%) | ₹0 | 06-Dec-2025 23:34 |
| 05-12-2025 | ₹126.00 | ₹0 (No Change) | — | ₹126 (0.00%) | ₹0 | 05-Dec-2025 23:34 |
| 04-12-2025 | ₹126.00 | ₹0 (No Change) | — | ₹126 (0.00%) | ₹0 | 04-Dec-2025 23:28 |
This table clearly shows that for five consecutive days, GMP remained at zero, and the listing price estimate held steady. It highlights that the grey market is neither expecting a premium nor a discount right now.
As always, it’s important to note that GMP is unofficial and purely based on market sentiments. It should not be considered as a final indicator of actual listing performance. Stay tuned for daily GMP updates as we track the Neptune Logitek SME IPO till listing.
Neptune Logitek IPO Review
Neptune Logitek has shown steady growth in revenue along with a noticeable improvement in profitability in FY2025.
The company operates in the logistics and trucking segment, which continues to witness demand due to expanding supply chain needs. With strong return ratios and improving margins, the IPO may appeal to investors with a long-term view.
Neptune Logitek IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,52,000 |
| Retail Maximum | 2 | 2,000 | ₹2,52,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,78,000 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Ex-Anchor) | – | – |
| NII | – | 50% |
| Retail | – | 50% |
Neptune Logitek IPO Anchor Investors
| Particulars | Details |
|---|---|
| Anchor Bidding Date | 2025 |
| Anchor Investors List | View PDF |
| Shares Offered | [.] |
| Anchor Size | [.] Cr |
| Lock-in (30 Days) | 2025 |
| Lock-in (90 Days) | 2025 |
Neptune Logitek IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | December 15, 2025 |
| IPO Close Date | December 17, 2025 |
| Basis of Allotment | December 18, 2025 |
| Refunds | December 19, 2025 |
| Credit to Demat | December 19, 2025 |
| Listing Date | December 22, 2025 |
| Bidding Cut-off Time | December 17, 2025 – 5 PM |
Promoters and Holding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre-Issue | 1,00,00,000 | 99.99% |
| Promoter Holding Post-Issue | 1,37,00,000 | –% |
Objects of the Issue
The company plans to use the IPO proceeds mainly for purchasing trucks and related equipment to expand its operational fleet.
A portion of the funds will also be utilized for partial loan repayment, helping improve the company’s balance sheet and reduce interest burden.
About Neptune Logitek Company
Neptune Logitek Limited, founded in 2012, is an integrated logistics company offering freight-forwarding, customs clearance, road transport, rail freight, and door-to-door coastal services.
The company follows an asset-based model and operates a fleet of nearly 200 vehicles with a pan-India network of branch offices. Its revenue grew to ₹260.74 crore in FY25 with a PAT of ₹9.16 crore, reflecting strong operational improvement.
The upcoming IPO aims to raise funds to expand the fleet, reduce debt, and support general corporate needs, positioning Neptune Logitek for further growth in India’s logistics sector.
Neptune Logitek IPO Financial Report (₹ in crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹187.71 | ₹187.23 | ₹0.18 | ₹74.51 |
| 2024 | ₹175.76 | ₹175.44 | ₹0.00 | ₹95.24 |
| 2025 | ₹260.74 | ₹248.42 | ₹9.16 | ₹119.25 |
Neptune Logitek IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 45.89% |
| ROCE | 11.75% |
| EBITDA Margin | 8.31% |
| PAT Margin | 3.56% |
| Debt-to-Equity | 2.91 |
| EPS | ₹9.16 |
| P/E Ratio | N/A |
| RoNW | 45.89% |
| NAV | ₹19.95 |
- Also Read: Prodocs Solutions IPO
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| S J Logistics (India) Ltd | 8.92 | 62.33 | 10.85% | 64.11 | ₹151.22 Cr |
| Tejas Cargo India Ltd | 7.59 | 22.25 | 23.85% | 31.85 | ₹422.59 Cr |
| Tiger Logistics (India) Ltd | 12.27 | 4.45 | 11.70% | 10.48 | ₹244.14 Cr |
IPO Lead Manager
Galactico Corporate Services Ltd.
Company Address
| Company | Address |
|---|---|
| Neptune Logitek Ltd. | BBZ-N-62/A, Ward 12/A, Gandhidham, Kachchh, Gujarat – 370201 |
| cs@neptunelogitek.com | |
| Website | http://www.neptunelogitek.com/ |
IPO Registrar
| Registrar | Details |
|---|---|
| Bigshare Services Pvt. Ltd. | Phone: +91-22-6263 8200 |
| info@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/IPO_Status.html |
Neptune Logitek IPO FAQs
What is Neptune Logitek IPO?
It is an SME IPO through which the company aims to raise ₹46.62 crores. The issue price is ₹126 per share and the listing will be on BSE SME.
When will the Neptune Logitek IPO open?
The IPO will open on December 15, 2025, and close on December 17, 2025.
What is the investors’ portion in Neptune Logitek IPO?
QIB: 0%, NII: 50%, Retail: 50%.
How to apply for the IPO?
You can apply through ASBA using your bank account or via UPI through stockbrokers.
What is the IPO issue size?
The IPO issue size is ₹46.62 crores.
What is the price band?
The fixed price is ₹126 per share.
What is the lot size?
The minimum lot size is 2,000 shares.
When is the allotment date?
December 18, 2025.
When is the listing date?
December 22, 2025 on BSE SME.
Expert Comment
Neptune Logitek has shown a strong jump in growth and profitability in FY2025, supported by healthy ROE and improving efficiency.
Although the logistics sector is competitive, the company’s expansion plans and improved margins make it a potential candidate for long-term investors. However, the higher debt levels should be monitored closely.
